Mumbai Police have registered an FIR against former Yes Bank MD and CEO Rana Kapoor, Sudhir Walia and other officials in connection with alleged illegal transfer of mortgaged HDIL group properties worth Rs 1,000 crore. The complaint claims a Rs 150 crore loan was moved to Suraksha Asset Reconstruction without classifying it as a Non-Performing Asset, despite a 36-month repayment window not ending. It also alleges sales below market rates and alleged margin money routing to enable recovery. Investigations continue, with no arrests yet.
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